Friday, May 6, 2011

BSE stock index: (18210) 18284-18340 a nearest & 18441 a solid resistance up to which selling on higher levels to continue, keep stop loss of 18570 to your shorts.

Downward side it'll fall down to 18141, 18074 & 17910 initially, consider 17910 a crucial support where buying support not ruled out.

In any worst scenario break below 17910 it'll heavily crash down to 17625.

Nifty MAY Future: (5450) 5490-5508 & 5533-5551 solid resistances up to which selling on higher levels to continue, keep stop loss of 5573 to your shorts. Downward side it'll fall down to 5435-5428 & 5377 initially. Consider 5377 a crucial support where buying support not ruled out.
Break below 5377 it'll heavily crash down to 5269.